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Financial Aid
| 1ST
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Let
your Assistant Director of Admissions (ADA) know that
you are interested in applying for aid, so that he/she
can set up an appointment for you to talk to the school's
Admissions Coordinator and/or Student Financial Services
Department
|
| 2ND
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We
may be able to estimate your financial aid if:
Bring us a copy of your last years tax return and other
income information.
You will also be asked about your untaxed income and
assets. |
| 3RD
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You
will also need a copy of your parents' last year's tax
return, and information about their untaxed income and
assest, if you:
- Are
not married
- Do
not have legal dependents, and
- Are
under 24 years old, and
- Are
not a veteran of the US armed services, and
- Are
not an orphan or ward of the court.
If
you need your parents' information, we recommend that
they visit the school with you, or that they are available
by phone during the time that you are scheduled to be
with the Admissions Coordinator or the Student Financial
Services department. |
Many students receive some form of financial aid to assist
them in financing their education. At The Art Institute of
Phoenix approximately 80% of the students received financial
assistance in the year that ended on June 30, 2001.
Our
Approach to Financial Aid and Student Financial Planning
The Art
Institute of Phoenix provides "financial planning" for its
students. This means that we can provide a payment plan that
will allow you to budget for your entire program. Our goal
in Student Financial Services is to make your monthly payments
as affordable to you as possible. After you complete the application
forms, your Student Financial Aid Officer will review them
using a federally required calculation to determine your eligibility
for financial aid. The Financial Aid Officer will then work
with you and your family to devise a Student Financial Plan
to help you cover your educational expenses, based on your
financial aid eligibility and your family circumstances. This
is an outline of our process:
1) We
estimate the total cost of your education. Your total costs
are broken down into direct and indirect costs.
- Examples
of "direct" costs include tuition, fees, and some supplies.
Click
here for details on tuition and fees. NOTE -- We have
chosen to show you, up front, an estimate of the entire
tuition and fee charges for your program of study because
we believe it is in your best interest to have this information
prior to starting any classes. We hope that helps you
make an informed decision. The school actually charges
tuition, fees and school-sponsored housing for each quarter
separately and a student is never obligated to pay for
charges beyond the quarter they have started.
- "Indirect"
costs include food, transportation, personal expenses, and
some supplies. Standard budget figures (available for review
in the Student Financial Services department) are used to
estimate indirect costs, based on where you will live when
you attend The Art Institute of Phoenix. These budget standards
may be adjusted to meet unusual personal circumstances.
- Housing
expenses can be considered direct or indirect costs, depending
on your living arrangements. The Housing Services office
can provide you with information on school-sponsored as
well as independent apartments. Click
here for more information.
2) We
add up all available resources that can be used to pay educational
costs. This can include scholarships, veteran's benefits,
federal and state aid, for which you are eligible, private
loans, etc.
3) We
subtract all of the available resources from the total estimated
cost of your education. The difference is the amount that
can be covered through the Student Financial Planning process.
For
Important Financial Aid Information & Links to online
applications click here.
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